CIA OF 1974.3
Corparition eusbukked.
Board of the Corporation.
"Mass Transit Railway" and "railway" mean the railway, or any part thereof, known as the Mass Transit Railway, intended to be set up în pursuance of the transport policy of the Government;
نال
"member" means a member of the Board;
*Provisional Authority" means the Mass Transit Railway Provisional Authority established by section 3(1) of the Mass Transit Railway Provisional Authority Ordinance 1974;
"railway premises" means—-
(a) any area. space or building occupied by the Corporation which is designed, equipped or set apart for the carriage of passengers by train or for affording facilities incidental to the carriage of passengers by train; and 4%,
(b) any train on railway premises,
1
(2) References in this Ordinance to constructing the railway arc references to undertaking every stage of the process beginning with its design and planning and ending when it & brought into operation.
PART IL
INCORPORATION AND Powers'
3 (0) There is hereby established a body corporate, to be known as the Mass Transit Railway Corporation.
(2) The purposes of the Corporation are-
나
N
(a) to construct the Mass Transit Railway and to operate it baving regard to the reasonable requirements of the public transport system of Hong Kong:
(b) to engage in such other activities, and to perform such functions, as the Goveror may, after consultation with the Corporation, permit or assign to 10 by order published in the Gazette.
(3) The Corporation shall have perpetual succession and a common seal and be capable of suing and being sued and of doing and suffering all such other acts and things as bodies corporate may lawfully do and
suffer.
4 (1) The Corporation shall have a Board comprising-
(a) a Chairman appointed by the Governor,
(b) the Managing Director appointed under section 7(2); and
(c) not less than 4 nor more than & other members appointed by
the Governor.
(2) Subject to sections 7(1) and 20, the Board is the governing body of the Corporation with authority, in the name of the Corporation, to exercise and perform the powers, functions and duties conferred or imposed on the Corporation by or under this Ordinance.
(3) The Chairman shall be appointed for such term as the Governor thinks it and any member appointed under subsection (1)(c) who is not a public officer shall be appointed for a term not exceeding 3 years.
(4) The Chairman and any member appointed under subsection (1)e) who is not a public officer may, upon the expiry of his term of appoint- ment, be reappointed and may before the expiry thereof-
(a) resign his office by notice to the Governor; or
3
(6) be removed therefrom by the Governor for permanent incapacity or other sufficient cause (as to the existence of which the Governor's decision shall be final};
and upon such resignation or removal the term for which he was appointed under this section shall be deemed to have expired.
(5) A public officer appointed to an office under this section shall hold the same at the pleasure of the Governor but be may-
(a) at any time resign such office by notice to the Governor; and (8) be appointed thereto more than once.
(6) Where a member is precluded by temporary incapacity or other cause from exercising his functions as such for any period (as to which the Governor's decision shall be final) the Governor may appoint another person to act as a member during such period with all such rights, powers, duties and liabilities as if he had been appointed under subsection (1).
(7) A member may be paid such fees and expenses as the shareholders think fit.
5. (1) Five members shall form a quocum at any meeting of the Proceedings Board
of the Board,
(2) At any meeting of the Board the Chairman or in the absence of the Chairman such other member as the members present may select shalt preside.
(3) Every question arising at any meeting of the Board shall be decided by a majority of votes of the members present and voting thereon and in the event of an equality of votes the member presiding shall havÇ u casting vote in addition to his ordinary vote.
(4) Subject to this Ordinance, arrangements relating to meetings of the Board, and the procedure thereat, shall be such as the Board may determine.
(5) If a member is in any way directly or indirectly interested in a contract made or proposed to be made by the Corporation-
(a) he shall disclose the nature of his interest at a meeting of the
Board;
(6) the disclosure shall be recorded in the minutes of the Board; and (c) the member shall not, without the permission of the Chairman, take any part in any deliberation of the Board with respect to that contract and shall not in any event vote on any question concerning it.
G. (1) The Corporation may do such things as are expedient for of Central power conducive to the attainment of the purposes declared in of permitted or of Corporation. assigned under section 3(2) or of any purpose reasonably incidental to
or consequential upon any of those purposes.
(2) Without restricting the generality of subsection (1) the Corporation
Day for the purposes referred to therein-
(a) acquire, hold and dispose of all kinds of property movable and
immovable and in any manner which it thinks it;
(6)
improve, develop or alter any property held by it;
(c) enter into, assign or accept the assignment of, and vary or rescind
any contract or obligation:
(d) carry on any business either alone or in partnership with any
other person or persons;
No comments yet.
Private notes are available after approval.